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Trading Plan for June 29, 2011

June 29, 2011 – Comments (0) | RELATED TICKERS: SPY , BXS , UUP

Futures are up moderately this morning

As of right now we have the Greece vote going on - all eyes are on this

The S&P Futures (/ES) was stopped on 1294 resistance yesterday - this morning it finally made it back above but has the 50/100 day moving averages 1306-1309

Pending Home Sales due out at 900am CST - -0.6% expected

AUD/USD remains up strong offer coming off a bounce from the 100 day moving average - trying to overtake the 20dma before heading to the 50 day moving average at 1.066

EUR/USD is making large swings right now due to the vote - but it is trying to capture the 20/50 day moving averages (1.439 / 1.440)

USD/JPY was able to push and close above the 50 day moving average - look for it to hold here

Bond yields came on very strong yesterday pushing them above resistance at 30.33 - next level of resistance is at 31

Small POMO today $2 - $3 billion

Bulls were able to push this market higher yesterday to reclaim the 1294 resistance level - bulls will now look to take and hold the 1300 level

Bears have had the news against them but now that the vote is out they need to sell this morning gap

Here's the Stock I'm Watching.